Whales Flock Despite Stagnant Price: Multi-Month Record Set with 60 Massive Transactions in This Altcoin

Despite the price hovering horizontally at $0.23 on the EigenLayer network, whale transactions and the number of new wallets reaching multi-month peaks suggest that large investors are quietly accumulating.

Eyes in the cryptocurrency market have turned to the EigenLayer (EIGEN) project. According to data shared by the on-chain data analysis platform Santiment, the highest activity of recent months was recorded on the network. Although there is no significant movement on the price side, on-chain data shows that large investors are making strategic moves and taking early positions beneath the surface.

Whale Activity and New Wallet Surge on the EigenLayer Network

According to shared data, exactly 60 whale transactions exceeding $100,000 occurred on the EigenLayer network on Wednesday. This figure was recorded as the highest daily transaction count seen since March 16. At the same time, there was a significant jump in new wallet creations, another indicator of interest in the network. Data reaching its highest level since June 10 reveals that 219 new EIGEN wallets were created within a single day.

While the EIGEN price remains calm at around $0.23, this activity is described by experts as “quiet accumulation.” Factors such as EigenCloud developments, fee-oriented tokenomics, AVS rewards, or monitoring upcoming unlock schedules may lie behind this interest. The project, which stands out with its restaking mechanism that allows Ethereum stakers to secure additional services, has entered the radar of big players before retail interest has intensified.